Top AI Tech Shares to Invest In Instantly
In the rapidly growing sector of artificial intelligence (AI), several leading public companies have established strong positions in AI technology development and market opportunities. These companies offer diversified exposure to the growth of AI technologies, spanning across software, hardware, semiconductor manufacturing, cloud infrastructure, and data analytics sectors.
Nvidia (NVDA), Alphabet (GOOGL), and Amazon (AMZN) are notable standouts, dominating in broad AI innovation and infrastructure. Nvidia, with over 90% market share in the GPU space for AI workloads, benefits from its fast processing GPUs and CUDA software platform, making it a key player in AI. Alphabet, the parent company of Google, has been successful in developing its Tensor Processing Unit (TPU) with the help of Broadcom, and is heavily investing in AI innovations, making it a major player advancing AI research and applications across products and services. Amazon, leveraging AI extensively in cloud computing (AWS) and e-commerce, is part of Morningstar’s best AI stocks to buy.
Semiconductor leader Taiwan Semiconductor Manufacturing (TSM) is critical to hardware supply chains, supporting advanced AI chip production globally. TSMC's scale and technological expertise have set it apart in the foundry space. The company recently introduced its next-generation technology, high-NA EUV, for higher density chips.
Advanced Micro Devices (AMD) has a niche in AI inference, a growing market, and is a leader in central processing units (CPUs) within the data center. Broadcom, on the other hand, is seeing strong momentum with its networking portfolio for AI clusters and has opportunities in custom AI chips, helping customers develop their own chips.
Palantir Technologies (PLTR) offers niche AI analytics solutions with rapidly rising market valuation. The company is known for its data analytics platforms with significant AI elements and is looking to become the orchestration layer for AI, gathering data from various sources and structuring it into an ontology.
Other notable AI-related companies include Marvell Technology, Adobe, Baidu, Tencent Holdings, Quantum Computing Inc, AppLovin Corp, and Broadcom. These companies represent a mix of AI software, hardware, semiconductor manufacturing, cloud infrastructure, and data analytics sectors, providing diversified exposure to the growth of AI technologies.
Investors seeking long-term growth in AI are advised to consider these stocks, all highly regarded by analysts and part of AI-focused indices like the Morningstar Global Next Generation Artificial Intelligence Index. Remaining attentive to technology trends and broader market factors impacting AI valuations is crucial for sustained success.
Meanwhile, Meta Platforms (FB) is using AI to keep users more engaged on its social media apps and help advertisers create better campaigns. The company is also serving ads on its popular WhatsApp messaging app and building out a new social media site, Threads.
With the increasing demand for AI, these companies are well-positioned to capitalise on the opportunities presented by this rapidly growing sector.
Investing in semiconductor manufacturer Taiwan Semiconductor Manufacturing (TSM) offers exposure to the crucial hardware supply chains supporting advanced AI chip production. This company distinguishes itself through its high-NA EUV technology for higher density chips.
Broadcom, known for its strong networking portfolio for AI clusters, sees opportunities in custom AI chips, positioning it to help customers develop their own AI chip solutions.
